Nike (NYSE:NKE) is a fine company, and arguably the most recognizable sports apparel brand in the world. All things are relative though, and while Nike may be able to muster some more growth ahead, that doesn’t inherently make Nike stock a buy at any price.

It’s hard to overestimate the influence that Nike has had on worldwide culture. When Adidas AG ( ADDYY) and Converse (the latter eventually bought by Nike in 2003) dominated the United States athletic shoe market in the 1970s, the shoes themselves were intended for function, not fashion.

Baltimore’s biggest employers are attracting and retaining people to live here despite the negative perception some may have by playing up the city's restaurant scene, central location and building spruced up office spaces.

Short interest is extremely high for UAA with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting UAA. ETFs that hold UAA had net inflows of $3.21 billion over the last one-month.

Athletic apparel retailers face many challenges in the competitive apparel space, including a direct-to-consumer push from the very same brands they carry in their stores. Here's how companies like Dick's Sporting Goods and Foot Locker can survive.

Former Pacific Investment Management Co. co-CEO Mohamed A. El-Erian is joining the board of Under Armour Inc. El-Erian's appointment to Baltimore-based Under Armour's board is effective Oct. 1. “Mohamed’s renowned international, macroeconomic and financial expertise are welcomed strengths as we lean even more deeply into our transformation, driving greater operational excellence, financial discipline and shareholder returns as we continue to drive our brand forward around the world.” El-Erian is a heavyweight figure in the financial industry. “I’m honored to join the board of directors and to work with a management team that’s committed to creating long-term growth and returns for shareholders." El-Erian chaired President Barack Obama's Global Economic Development Council from 2012 to 2017.

Under Armour Inc. said Mohamed El-Erian will be joining the board of the athletic apparel maker. El-Erian serves as chief economic adviser at Allianz. He previously served as co-CEO at Pimco from 2007 to 2014.

BALTIMORE, Aug. 6, 2018 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) today announced that Mohamed A. El-Erian has joined the company's Board of Directors, effective Oct. 1, 2018. Dr. El-Erian is the former CEO and co-chief investment officer of PIMCO, a role he held from 2007 to 2014, and currently serves as the chief economic advisor at Allianz, the corporate parent of PIMCO. "We're excited to welcome Mohamed to our board," said Kevin Plank, Under Armour's chairman and CEO.

The Georgia Tech football team called in some extra star power to unveil its long-awaited partnership with adidas. The university debuted a pair of new jerseys — primary home and a "Whiteout" design — Friday night launch during a party at Ventanas in downtown Atlanta. The Yellow Jackets revealed their new adidas uniforms Friday night with the help of Leati Joseph Anoa'i, a former Georgia Tech first-team all-ACC defensive tackle who currently stars with the WWE under the moniker Roman Reigns.

Under Armour Inc.'s distribution center at Sparrows Point won't open until the first half of 2019, a spokesperson for the company told the Business Journal on Friday. As recently as March, Tradepoint Atlantic officials said the warehouse would open in June or July. Tradepoint is the developer of the 3,100-acre site in eastern Baltimore County.

Wrestler-turned-actor Dwayne Johnson's endorsement deal with Under Armour has been ranked as the best-matched celebrity-brand partnership in the fashion and retail sectors. A list produced by research company Spotted and published Friday rates celebrity endorsements out of 100, taking into account factors such as public perception, whether the star's audience overlaps with the brand's in terms of age, gender, income and location, and how risky a celebrity's behavior might be.

Despite strong second-quarter results and a guidance update on July 26, Columbia Sportswear (COLM) stock plunged the next trading day. Its stock price fell as much as 11.2% on July 27 before finally closing at $85.38, ~7% below the previous day’s closing price. The company is now sitting at YTD (year-to-date) gains of 18.8%.

Another top executive is leaving Under Armour Inc. amid the sportswear's ongoing shakeup. Adrienne Lofton, senior vice president of global brand management at Baltimore-based Under Armour, recently resigned and is going to top rival Nike Inc., according to Adweek. Under Armour confirmed Lofton's departure and said Attica Jaques will succeed her.

Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains breaks down Under Armour's (UAA) second quarter financial results and dives into the sportswear firm's future as it spends millions to revamp its business.